University of Pennsylvania, Wharton School management professor Michael Useem said the idea of a GE Capital sale “has been under discussion for a long time. It was better for GE to wait to get a good price, and it’s been worth the wait.” read more
MAY 13, 2015 - 7:28 am
Bloomberg reported Oaktree co-chairman Bruce Karsh said Oaktree Capital Group is evaluating parts of General Electric, with “serious interest in a few things.” read more
MAY 1, 2015 - 7:36 am
According to Reuters, General Electric has sent out nondisclosure agreements to 12 potential bidders of its sponsored finance business, which includes Antares. read more
APR 30, 2015 - 7:27 am
In a special report on Q/15 earnings, GE said GE Capital’s operating results, after the effect of “exit impacts,” was a net loss of $14.7 billion. GE also notes with regard to its GE Capital portfolio strategy, this is an “excellent environment for creating value from financial assets.” read more
APR 17, 2015 - 8:05 am
The New York Times notes in a report that shrinking GE Capital will keep M&A practitioners busy for a while, but borrowing by the financial giant has been the biggest moneymaker for investment bankers over the last 15 years. read more
APR 15, 2015 - 7:34 am
In a research report, Zacks Equity noted the only financial operations that will be retained by General Electric will include verticals like GE Capital Aviation Services, Energy Financial and Healthcare Equipment Finance. read more
APR 14, 2015 - 7:25 am
According to a RTT News report, GE shares closed up by 2.78 at $28.51 on the highest volume of the year after announcing its decision to sell most of GE Capital. The stock finished at its highest level since September 2008. read more
APR 13, 2015 - 7:45 am
The Wall Street Journal reported that General Electric is close to selling off most of its $30 billion in real-estate holdings. The Journal said GE was in talks with the Blackstone Group and Wells Fargo. read more
APR 10, 2015 - 7:16 am
In his letter to shareholders, GE chief executive Jeff Immelt said, “To be clear, GE is an industrial company first and foremost. GE Capital must enhance our industrial competitiveness, not detract from it.” read more
MAR 23, 2015 - 7:16 am
Bloomberg reported GE is forecasting a profit rise in its industrial units will rise at least 10% in 2015. Total operating earnings will be about $1.70-$1.80 per share with earnings from GE Capital of about $0.60 per share. read more
DEC 17, 2014 - 6:57 am
According to Fitch Ratings, GE’s plan to take its North American retail finance business public is not likely to affect existing GE Capital Credit Card Master Note Trust. read more
MAR 19, 2014 - 7:33 am
Terry Mulreany
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